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Do a little research before you buy that retirement home

It’s a dream that many of us have. The kids have graduated from college and settled into their new homes and new jobs. Retirement is around the corner. Now that you are empty nesters, that big house in the suburbs no longer works for you and your spouse. So, finally, it’s your chance to get…

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There’s more to retirement than saving your money

It’s complicated, this retirement thing. It sneaks up on you, and many of us aren’t quite ready. We haven’t saved enough, didn’t plan enough or we just haven’t figured out what we will do with all that time suddenly thrust upon us. Saving for retirement is difficult enough. Many surveys show that Americans have saved…

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Update your retirement plan regularly — or it could become useless

Remember the days before GPS when we had to follow a road map? (They were free and you could pick them up in any gas station back then). So, what if you were following that map and the highway just ended in the last place you visited — with no signs to tell you how…

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Latest News

The Pros and Cons of Accepting the Lump Sum Payment of an Annuity Buyout Offer

Financial Planner Designations and Annuity Licenses: Is Your Retirement Professional Qualified?

Claiming Strategies for Social Security, and Resources to Consider

Joint Life Annuity Explained: When Could a Single Life Annuity Be the Better Choice for Married Retirees?

How the Difference Between a Captive and Independent Insurance Agent Affects Your Retirement Plan

Need Out of Your Annuity Contract? What Retirees Should Know About Surrender Periods and Charges

Before You Do Any Retirement Planning, You Must First Do a Budget

Addressing the Bipartisan Budget Act of 2015 Pension Changes With Supplemental Retirement Annuities

Retirement Risks: Handling the Unexpected Cost of Mental Health Treatment

How the 2016 Fiduciary Rule Could Affect How You Pay for Retirement Advice

Worried About Outliving Your Retirement Savings? How a Longevity Annuity Could Help

Family Communication and Financial Planning

Retirement Tax Strategies: How to Choose Between Qualified vs. Non-Qualified Annuities

What Makes an Annuity An Insurance Product and What That Means for Your Retirement Risk Exposure

Insurance Company Ratings Help You Choose an Annuity Provider That Won’t Go Bust

Retiring or Changing Jobs? Consider Using Your 401(k) to Buy an Annuity

Consider an Inflation-Adjusted Annuity to Prepare for Cost of Living Changes in Retirement

How an Annuity Can Supplement Your Social Security Payments for Retirement

How Deferred Annuities Can Help Retirees Cover Home Health Care Costs

Are Fixed Index Annuities a Good Candidate for Your Retirement Plans?

Beware the High Fees and Surrender Charges of Bonus Annuities

Should I Change My Retirement Plan After Receiving an Inheritance?

How to Supplement Your Underfunded Retirement Plan Late in Life

Uncover 401(k) Fees and Calculate Your Expense Ratio to Save More for Retirement

Need to Increase Your Retirement Savings Contributions? Auto-Escalation Can Help

Keep Your Tax Burden in Check: Five Tax Tips for Retirees

From Roth IRAs to RMDs, Experts Offer Tax Strategies for Retirement

3 Ways Empty Nesters Can Save More for Retirement

Early Retirement Packages: Analyzing the Risks of Accepting that Lump Sum Payout

2016 Deduction Limits Make Long-Term Care Insurance a Viable Option for Retirees

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Coming Up Short for Retirement

This is for the people headed towards retirement and coming up short in their savings. According to a 2016 survey  , from GoBankingRates, 23% of Americans have saved less than $10,000 and a third have saved nothing for retirement. Another survey, by TIAA-CREF, says the number one regret of people approaching retirement is that they wished…

Year-end Retirement Savings Tips

Here we are, once again, in the midst of people’s favorite holidays. Between Christmas and New Year’s, it’s time for good food, visiting friends and relatives, gifts, and of course, popping champagne. It’s also time for New Year’s resolutions (which most people forget about by February anyway). It’s the perfect time to assess your financial…

Protecting Pre-Retirees and Retirees from Scams

Washington, D.C. — Recent arrests in the U.S. and India should put a big dent in the one of the biggest scams affecting pre-retirees and retirees – the IRS scam. The U.S. Treasury Department says nearly two million Americans have been targeted by scammers impersonating IRS officials, with 12,000 to 13,000 people submitting complaints every…

Five Things Retirees May Forget to Plan For

Rodney Brooks Retirement is tough enough, but it can be really tough for the people who did little or no planning. It’s tough enough even for those who do plan for retirement. After all, there is much to consider. Which means that there could be a possibility for some people to either forgot something or…

Jul 1, 2016

Why Selling Fixed Annuities for a Cash Lump Sum May Not be a Good Choice

You may have seen the commercials on TV about selling your annuity for cash. This is a business format that’s about as old as annuities themselves. These companies will offer to buy a stream of future payments that your annuity provides from you in exchange for a lump sum of cash. One problem is that these transactions are usually designed to make money for the company buying your annuity, rather than ensuring you get the best value for that annuity. Selling your annuity might seem like a good idea in a pinch, but in the end, it could cost a lot more than you anticipated.






prescription drug prices

How to Prepare for Spikes in Prescription Drug Prices During Retirement

One thing that can be difficult to predict when you’re planning your retirement is how much you’ll wind up paying for healthcare once you’re retired. The good news is new treatments and lower-cost healthcare resources are created every day. The bad news is one aspect of healthcare many retirees need most tends to cost the most: prescriptions.






Social Security benefits
Jun 23, 2016

Using Immediate Annuities to Guarantee Retirement Income While Delaying Social Security Benefits

While you might be eligible to take benefits at age 62, some experts would recommend you don’t. That’s because the earlier you take them, the less you usually get.






fixed-indexed annuity
Jun 20, 2016

How a Fixed-Indexed Annuity Interest Rate Is Determined, and the Limits and Restrictions to Know

Fixed-indexed annuities are rising in popularity. I’ve seen that in the financial news, and I’ve seen that firsthand with how many people contact me asking about them. The timing is a bit surprising because the stock market has been notoriously volatile for the past few months.






fixed, deferred annuity

Purchasing a Fixed, Deferred Annuity in an IRA Can Help You Manage RMDs in Retirement

Some financial planners will advise you never to do this because it’s redundant, but there are times when it might be beneficial, especially when it comes to managing your required minimum distributions later on. Before you write off purchasing an annuity in an IRA, you should consider how it could impact you for the life of your IRA.






fixed-indexed annuity
Jun 15, 2016

How Much of Your Retirement Savings Should Be in a Fixed or Fixed-Indexed Annuity?

Allocating retirement assets is a delicate balancing act and one that must be looked at on a deeper level than high risk and low risk. Instead, it might help to work backward and start with how much you need to live on to cover your mandatory and optional expenses. For some, fixed and fixed-indexed annuities can fit in by supplementing that income to cover some of those future mandatory costs.